Private rental prices paid by tenants in Britain rose 2.1 per cent in the 12 months to March, according to the latest figures from the Office for National Statistics.
Broken down by country, rental prices grew by 2.1 per cent in England and Scotland, and 0.8 per cent in Wales.
Rents increased in all the English regions over the year, with the largest in London at 3.2 per cent; if the capital were removed the all-Britain figure would be 1.5 per cent.
Meanwhile a separate index by lettings agency Your Move claims a high figure for the annual yield received by landlords in Scotland. It is now 9.7 per cent on average in the year to March, up from 7.2 per cent a year ago.
This is equal to £15,000 per property before any mortgage payments or maintenance costs, but taking into account property price growth and void periods between tenants.
Buy-to-let investors in Edinburgh have experienced the strongest annual returns in the last year of 13.4 per cent - equivalent to £27,135 in cash terms, claims Your Move.
Eight fledgling UK PropTech have been selected for the Propertymark-linked REACH UK...
From this month, private tenants in Northern Ireland will have sufficient smoke,...
Rigorous government targets to improve EPC ratings in the private rental...
PropTech platform Goodlord has produced a guide for letting agents wanting...
The predictions game can be tricky. Sometimes you just don’t know...
Leading UK property auctioneer Bond Wolfe has broken through the £100...
Uncertainty triggered by the new Labour Government and taxation concerns that...
B-hive Block Management Partners Celebrates Major Milestone With Over 100 Businesses...
We’re absolutely delighted to announce that, after 10 years, we’re able...
You don’t have to simply accept things as they are when...
%20-%20IMAGE%20Client%20Accounting%20%E2%80%93%20what%20are%20your%20options.jpg)
The benefits for letting agents to outsource their client accounting is...
Who are you and what does it say on...
Who are you and what does it say on...
Who are you and what does it say on...
Join the conversation
Be the first to comment (please use the comment box below)
Please login to comment